https://www.taxtmi.com/caselaws?id=397454 Valuation and sale terms in liquidation must be assessed against the governing statutory and regulatory framework. A challenge to the Adjudicating Authority's jurisdiction failed because it had examined only compliance with liquidation regulations, and no prior jurisdictional objection was shown. The attempt to reclassify the land as industrial also failed: in the absence of payment of required external development charges and valid land-use conversion approval, the land remained agricultural for valuation purposes, and the valuers' approach and sale notice on an as-is-where-is basis were upheld. The imposition of costs was also sustained where repeated objections appeared to delay the liquidation process without substantive basis. en-us Mon, 17 Aug 2020 00:00:00 +0530 Wed, 19 Aug 2020 11:19:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397454 Valuation and sale terms in liquidation must be assessed against the governing statutory and regulatory framework. A challenge to the Adjudicating Authority's jurisdiction failed because it had examined only compliance with liquidation regulations, and no prior jurisdictional objection was shown. The attempt to reclassify the land as industrial also failed: in the absence of payment of required external development charges and valid land-use conversion approval, the land remained agricultural for valuation purposes, and the valuers' approach and sale notice on an as-is-where-is basis were upheld. The imposition of costs was also sustained where repeated objections appeared to delay the liquidation process without substantive basis. Case-Laws Insolvency and Bankruptcy Mon, 17 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397454